Wise Travel India Ltd Management Discussions

OUR IOURNEY SO FAR - AT A GLANCE

Wise Travel India Limited (Formerly Wise Travel India Private Limited) (‘WTI”) commenced operations in 2009 as a transportation service provider with the objective of redefining urban mobility and transforming the fabric of daily commutes. Over the years, WTI has established itself as a trusted and innovative player in employee transportation, corporate mobility, and vehicle rental services.

Our Promoters, Mr. Ashok Vashist, Ms. Hema Bisht, and Mr. Vivek Laroia, have been instrumental in shaping the Companys growth trajectory through their active involvement in finance, corporate strategy, and long-term planning. Their vision and industry experience, spanning over a decade, have been pivotal in guiding the Companys expansion and market positioning. Supported by a strong management team with significant domain expertise, WTI has consistently aligned its strategies with emerging market opportunities and evolving customer needs.

WTI demonstrated its capability to manage large-scale mobility operations when it successfully handled the entire personal ground transportation for the XIX Commonwealth Games in New Delhi in 2010.

The Companys expansion gained momentum with the acquisition of India Fleet, a subsidiary of Tranzlease India Pvt. Ltd., in 2013-2014. During this period, WTI expanded its rental fleet to over 2,500 cabs. This growth was further strengthened by the strategic acquisitions of Wyncabs and Smart Ride, broadening its client base. Between 2015 and 2017, WTI earned international recognition, being awarded in Dubai as one of the Worlds Greatest Leaders 2015 in the Ground Transport Category for Asia & GCC, and again in 2017 at the Worlds Greatest Leaders event in Singapore.

From 2018 to 2020, WTI introduced electric vehicles into its fleet, aligning with global aspirations for greener, more sustainable transportation. In 2021, responding to rising demand in smaller cities, WTI expanded its operations into Tier 2, 3, and 4 cities, making premium mobility services accessible beyond metros. Recognizing the global potential of its business model, WTI began preparing for international expansion in 2022.

In 2023, WTI made its international debut by launching operations in Dubai, establishing 12 airport counters to serve travelers. The Company also introduced a Management Trainee Program to nurture future leaders in the mobility sector, ensuring that WTIs ethos and values continue to guide the next generation.

In line with its global vision, WTI has incorporated two wholly-owned foreign subsidiaries: WTI Rent a Car LLC in Dubai and WTI Mobility UK Ltd in the United Kingdom, offering the same core services of mobility and vehicle rental to international clients. Additionally, the Group had incorporated WTI Trading and Mining Ventures in Indonesia. However, given limited opportunities and slow growth, the Company has initiated the process of discontinuing its operations and disinvesting its stake in this entity, in line with its focus on sustainable and profitable growth.

With a strong foundation, promoter-driven strategy, and global outlook, WTI continues to strengthen its position as a holistic mobility solutions provider, committed to sustainability, technology integration, and superior customer experience.

GLOBAL OUTLOOK: TRANSPORTATION INDUSTRY

The Indian automotive sector stands at a pivotal moment of transformation and growth, propelled by growth in exports, progressive government policies and advanced technological integration. With an impressive trajectory in recent years, this sector is not only shaping Indias economic landscape but also redefining its global stature. From addressing challenges posed by supply chain disruptions to embracing transformative trends such as artificial intelligence (AI) and Industry 4.0, the global automotive sector is navigating an era of unparalleled change. This landscape sets the stage for an exciting journey towards consumer-centric innovation and technological breakthroughs that redefine how the world moves.

Furthermore, amidst a push for greener and more eco-friendly practices, manufacturers and governments across the globe are working towards reducing carbon emissions and promoting energy-efficient solutions. Key markets, including Asia-Pacific, N orth America and Europe, continue to lead in sustainable production and innovation, while emerging markets contribute significantly to expanding the industrys horizons.

It also examines the collaborative efforts driving the nation towards its ambitious target of becoming a global leader in automobile manufacturing by 2029 and fostering self-reliance through the vision of Atmanirbhar Bharat and Viksit Bharat by 2047.

Indias automobile industry has grown significantly, reaching 122 lakh crore, and achieved a 9% sales growth in 2024, with 26.1 million units sold. At present, the US automobile industry is valued at 178 lakh crore, followed by China at 147 lakh crore. The electric vehicle market experienced a surge, with sales reaching 1.408 million units, driven by initiatives such as FAME I and II. India, now a global leader surpassing Japan, exports 50% of its two- wheelers and aims to generate 4 crore jobs.

In 2024-25, the overall auto sector grew by 10-12%. Passenger vehicle sales grew by 4.2% to 45.6 lakh units. The EV market saw a 17% increase, reaching around 19.6 lakh units. Two-wheeler sales rose by 14.5%, while SUV sales grew by 14%, accounting for56% of the market. Commercial vehicle sales rose by 7.2%, totalling 9.68 lakh units and the adoption of LNG-powered trucks gained momentum as a more sustainable alternative fuel vehicle. Strong growth in the automotive sector, driven by rural demand and festive season boosts, positively impacted the logistics sector. Increased commercial vehicle sales enhanced freight capacity, while the rise in two-wheeler sales supported last-mile delivery.

Government Initiatives in Indias Tourism Vehicle and Mobility Sectors

Indian government introduced several initiatives to strengthen the tourism vehicle industry, enhance employee mobility services, and support the tourism vehicle rental sector. To promote sustainable tourism, states like Maharashtra exempted electric four-wheelers and buses from tolls on major highways, while Telangana announced helicopter rides connecting Hyderabad and Srisailam to boost tourism and generate employment. The Union Budget 2025-26 allocated significant funds to upgrade 50 key tourist destinations, enhancing infrastructure, connectivity, and cultural heritage promotion. In the employee mobility segment, surveys revealed that 81% of Indian employees view mobility assignments as transformative for their careers, highlighting skill development as a key motivator. In the tourism vehicle rental sector, NITI Aayog outlined a policy roadmap to promote homestays, including fiscal incentives, simplified registration, and digitalization of operations, fostering a sustainable and inclusive environment. Additionally, the Indian governments proposed GST reforms aimed to reduce taxes on small petrol and diesel cars from 28% to 18%, which, while making ICE vehicles more affordable, may influence the adoption pace of electric vehicles. Collectively, these initiatives reflect a strong governmental focus on sustainable transport, tourism growth, employee development, and infrastructure enhancement across the country.

Employee Mobility Services - Global & India Outlook

The corporate employee mobility services market continues to expand steadily, driven by the growing emphasis on workplace efficiency, sustainability, and employee well-being. As per recent industry research, the global market is valued at approximately USD 40+ billion in 2024 and is projected to cross USD 55 billion by 2029, registering a healthy CAGR of 5-6%. The sector is witnessing rapid transformation, with companies increasingly leveraging technology-enabled fleet management, real-time tracking, and digital commute platforms to optimize employee transportation.

While the COVID-19 pandemic initially disrupted demand due to work-ffom-home policies, the subsequent retum- to-office trend has revived opportunities for service providers. In addition, government initiatives on urban mobility, road safety, and sustainable transport are expected to further strengthen the ecosystem. Organizations are now prioritizing safe, reliable, and cost-efficient commute solutions to support hybrid work models and ensure compliance with evolving mobility regulations.

In the long term, the demand for employee transportation services will be driven by increasing urban congestion, rising fuel costs, and the growing awareness of eco-friendly mobility solutions. Major players are responding with electric fleets, Al-based route optimization, and integrated employee commute apps,

which are shaping the next phase of the industry.

Employee Mobility Services Industry Segmentation

Company-owned transportation refers to vehicles owned or purchased by the company to provide transportation employees. Cars, vans, and buses are examples of passenger vehicles used in corporate employee transportation services.

The global corporate employee transportation service market is broadly segmented based on ownership model, passenger vehicle type, and service type. Companies are increasingly shifting towards outsourced and rental-based solutions to remain asset-light and cost-efficient, while MaaS and SaaS platforms are driving technology-led transformation in the sector. Cars, vans, and buses remain the dominant vehicle categories for employee commute, with Asia-Pacific leading market growth.

Ownership	• Company-owned Transportation Service
	• Outsourced Transportation Service
	• Rentals
	• Pick and Drop Transportation Service
Passenger Vehicle Type	• Cars
	• Vans
	• Bus
Service Type	• Mobility as a Service (MaaS)
	• Software as a Service (SaaS)
Geography	• North America
	• Europe
	• Asia-Pacific
	• South America
	• Middle East & Africa

Employee Mobility Services Market Leaders Global Employee Transportation Service Providers

• Prairie Bus Line Limited

• Busbank (Global Charter Services Ltd.)

• Transdev

• WeDriveU Inc.

Indian Market Players in Employee Transportation

• Orix India

• Select

• Mahindra Logistics, and other regional players

Technology service providers

• MovelnSync Technology Solution Private Limited

• Routematic,

• Safetrax (MTAP Technologies).

Tourism Vehicle Rental Industry - Global Overview (2023-2032)

The global tourism vehicle rental industry was valued at around USD 81.5 billion in 2023 and is projected to reach approximately USD 162.3 billion by 2032, growing at a CAGR of 8.3% during 2024-2032, driven by the resurgence of international travel, rising consumer preference for flexible and hygiene-conscious mobility solutions, and the rapid adoption of online booking platforms which accounted for nearly 76% of the market share in 2023; the short-term rental segment dominates with over 73% share owing to the popularity of road trips and weekend excursions, while the Asia-Pacific region, led by India, is emerging as the fastest-growing market expected to reach USD 43.17 billion by 2025 at a CAGR of 5.71% with SUVs and self-drive rentals gaining strong traction, and the luxury rental segment is also expanding significantly, projected to rise from USD 19.96 billion in 2024 to USD 29.05 billion by 2029 at a CAGR of 8.1%, with North America currently leading the market and Asia-Pacific witnessing the fastest growth.

TRANSPORTATION INDUSTRY OUTLOOK IN INDIA

The transportation industry in India has undergone rapid transformation, driven by infrastructure development, rising urbanization, and digital adoption. According to the India Brand Equity Foundation (IBEF, 2024), India has the second-largest road network in the world, spanning over 6.62 million km, with roads handling 70% of freight and 85% of passenger traffic. National Highways, which constitute only 2% of the network, carry about 40% of road traffic, and the government continues to expand them under flagship projects like the Bharatmala Pariyojana and Cati Shakti Master Plan.

The Indian cab services industry, a key segment of urban mobility, is witnessing significant growth with the rise of app-based ride-hailing platforms. Increased smartphone penetration, cheap mobile data, and changing consumer preferences toward on-demand mobility are driving this growth. Aggregator-based models (like Ola and Uber) dominate the organized cab services market. The growth of e-commerce logistics, last-mile delivery, and government support for shared and sustainable mobility are also fueling demand. However, challenges such as regulatory interventions, GST imposition, and demand-supply mismatches continue to influence the industrys pace.

India Cab/Taxi Market Analysis

India Taxi Market was valued at USD 21.41 billion in 2025 and is expected to reach USD 30.65 billion by 2030 with a CAGR of 6.16% during the forecast period.

The growth of green electric cab services will probably present an alluring opportunity for market expansion. For instance, the country saw a sharp increase in the sales of electric vehicles, which indicated active market expansion in the Indian taxi market over the projection period. Additionally, the development of the taxi services offered by industry leaders together with the option to select convenient pick-up and drop-off locations, are encouraging customers to choose them and have a favorable impact on the growth of the target market in the coming years. Due to rising demand for ride-hailing and ride-sharing services, rising demand from online taxi booking channels, and rising costs, the taxi sector is anticipated to expand in the long run.

One of the most notable changes in the Indian taxi market is the adoption of app-based ride-hailing services. Uber and Ola, the two major players in this space, have successfully harnessed smartphone penetration to create a convenient and efficient way for consumers to book rides. This technology-driven approach has not only made it easier for consumers to access transportation but has also provided opportunities for countless drivers to earn a livelihood. These platforms have also introduced innovative pricing models, such as surge pricing, which adjusts fares in real-time based on demand and supply. While this has been a point of contention at times, it has helped to balance supply and demand during peak hours, ensuring that customers can find a ride when they need one. However, surge pricing has also led to debates about fairness and transparency.

The emergence of electric vehicles (EVs) is another notable trend in the Indian taxi market. As the Indian government continues to promote the adoption of electric vehicles, this trend is expected to gain momentum, transforming the market in the coming years.

Despite the many advantages that app-based ride-hailing services bring, they have also faced s ignificant challenges in the Indian market. One of the most pressing issues is regulatory hurdles. Different states in India have imposed varying rules and regulations, causing compliance challenges for ride-hailing platforms. This patchwork of regulations has led to disputes and legal battles, raising questions about the role of technology companies in the transportation sector.

Cab/Taxi Market segmentation

In the India taxi market. Internal Combustion Engine (ICE) taxis continue to dominate due to their widespread availability, affordability, and established fueling infrastructure. Most taxi operators prefer ICE vehicles as they have lower upfront costs compared to electric vehicles (EVs) and offer longer driving ranges with quicker refueling, which is critical for high-mileage usage in urban and intercity transport. Additionally, the resale market and maintenance ecosystem for ICE taxis are mature, making them more viable for small-scale fleet owners. While EV adoption is growing, supported by government incentives and state-level electric mobility policies, the lack of adequate charging infrastructure, higher purchase prices, and longer charging times still restrict their penetration, keeping ICE taxis as the dominant propulsion type in Indias taxi industry.

The North region of India is emerging as the fastest-growing taxi market due to its dense urbanization, rapid expansion of metro cities like Delhi, Chandigarh, and Lucknow, and strong demand from both commuters and tourists. The presence of large corporate hubs and airports in Delhi NCR creates high daily ride-hailing demand, further supported by growing app-based taxi aggregators like Ola and Uber. Additionally, government-led initiatives for electric mobility in Delhi and Haryana, including subsidies and charging infrastructure development, are accelerating fleet modernization. The regions blend of high population density, strong economic activity, and proactive mobility policies positions North India as the most dynamic growth driver in the taxi market.

Major companies operating in Indian Taxi Market are:

• AN I Technologies Pvt. Ltd (Ola Cabs)

• Uber Technologies Inc.

• Meru Cabs

• INDSYSTEMS IT PRIVATE LIMITED

• Carzonrent India Pvt. Ltd.

• inDrive

• Rapido

• Car Club

Online Bookings Driving the Market

One of the primary factors fueling the markets growth is the increased usage of online cab booking platforms, mostly because ofthe convenience they provide to clients. They also offer simple online payment options and the flexibility of choosing the pick-up and drop-off locations. The ease of booking through the app has significantly attracted customers to prefer online booking over offline booking, owing to the increasing penetration of the internet and smartphones worldwide. Additionally, the availability of information on the app like tracking the driver position, pre-estimated ride fare, driver contact, and vehicle details has further increased the customer preference for online booking. Many major operators, such as Grab, Uber, and Ola, provide ride-sharing options

(which offer a fare-splitting option among co- passengers) in certain regions, capturing the increasing demand for low taxi fare services among customers. Operators are adopting the same strategy and incorporating the ridesharing option in their app development to sustain the growing trend of ride-sharing services. For instance. In November 2020, the Indian government capped cab aggregators cab fares. According to new guidelines, the government will allow app-based taxi aggregators, such as Uber Technologies and Ola, to charge up to 20% commission on ride fares.

Comprehensive Services offered

Services mentioned as below are offered by WTI which redefines workplace commuting and corporate

vehicle

rentals:

0 Car Rental Services

Our Company provide Car Rental Services for Corporates - providing chauffeur driven cabs to help them to transport employees, guests or VIPs to airport, conferences, a sales call, intra city travel, hotel pickup & drop, outstation or for their long term or daily car rentals needs.

0 Employee Transportation Services

We strive to provide SLA-based, bespoke Mobility Solutions for the corporate daily (Home-Office-Home) pickup & drop services for their employees.

0 End-to-End Employee Transport Solutions (MSP) A comprehensive solution to make employee transport management operations automated, efficient, safe and transparent.

0 Flexible Fixed/Monthly Rental Plans

Monthly/Fixed Rental Plans is a great option for those who need to rent a car for the entire month. Under this service, we provide you with a vehicle of your choice and the driver for an entire month. This will be absolutely exclusive for you, the vehicle and driver will be available at your service 24x7. The payment options are flexible depending on the number of KMs.

0 Convenient Airport Counters

Our airport counters are strategically located in 12 airports throughout India, precisely positioned after the security hold areas. These airports experience high international & domestic traffic, making them ideal locations for our counters. By placing our counters after the security hold areas, we ensure convenient access for travellers, allowing them to avail of our transportation services conveniently.

0 Fleet Management Services

Fleet Leasing, Purchasing & Managing the existing fleet - Vehicle for every purpose. Since inception. We have been serving in the modem business of fleet management and leasing services. Not only we help business owners and managers in conserving expenses, we help them to save time with our full-service offerings that also reduce the potential hassle associated with a vehicle lease or purchase.

0 Mobility Services for MICE

The Company provides mobility services for Meetings, Conferences Exhibitions to corporates. Providing Mobility Solutions to corporates helps to improve safety and operational efficiencies.

0 Cutting-Edge Mobility Tech Solutions

We offer comprehensive mobility services for individuals and enterprises across major cities in India. Our primary focus is on providing safe and cost effective transportation solutions while ensuring delightful experiences of our customers.

0 Sustainable Mobility

WTI is all geared up to provide Sustainable Mobility by inducting electric vehicles for staff transportation and Corporate Car Rental services across the country, creating an ecosystem alongside.

0 Project Mobility Solutions

WTI provides transportation services for empowering workforce mobility in Tier 2 & Tier 3 cities and also provide turnkey mobility projects at the ports, power- generation units, airports etc.

0 Strategic Consulting and Advisory on mobility

The objective of our comprehensive car rental consulting service offering is to support both current and prospective car rental operators navigating through an increasingly complex and challenging market landscape.

0 Community commute

Build a DEMAND-RESPONSIVE workplace commute program that can accommodate the flexible nature of a hybrid work culture.

Pan- India presence

- Delhi (NCR)

- Maharashtra (Mumbai, Pune)

- Telangana (Hyderabad)

- Karnataka (Bangaluru)

- (Tamil Nadu (Chennai, Madurai)

- Assam (Guwahati)

- Rajasthan (Jaipur)

-Punjab (Amritsar)

-Haryana

-Uttar Pradesh -West Bengal (Kolkata)

-Gujrat (Ahmedabad)

-Bihar

-Chhattisgarh

-Madhya Pradesh (Bhopal, Jabalpur, Gwalior)

-Andaman and Nicobar -Andhra Pradesh

Also, we have our own brand counters at below mentioned Airports

1. Delhi- Indra Gandhi International Airport (3 Counters at T1, T2, T3)

2. Bengaluru- Kempegowda International Airport (T1, T2)

3. Guwahati- Lok Priya Gopinath Bordoloi International Airport

4. Gwalior- Rajmata Vijaya Raje Scindia Airport

5. Amritsar- Sri Guru Ram Das Ji International Airport

6. Andhra Pradesh- Madhura Pudi- Rajahmundry Airport

7. Jaipur International Airport

8. Madurai International Airport

9. Jabalpur Khamaria Dumna

10. Bihar-Gaya Airport

11. Chhattisgarh -Temri Mana

12. Chennai- Chennai International Airport

13. Andaman and Nicobar- Port Blair Airport

Further, On September 30, 2024 the Company has established a Company in the United Kingdom, namely, WTI Mobility UK Limited with the objective of providing car rental services.

AWARDS EARNED

We have over the years achieved a good reputation among our customers due to our quality and innovative working.

Below are some of the awards received by our company:

• Asias Greatest Brand

• Asia One- The Worlds Greatest leaders 2015 Asia & GCC

• Leaders of Tomorrow

• SME Excellence Award

• Company of the year

• GMR- ACE

• Insight CEO

• The MSME Times Excellence Awards 2023

• Best in Sustainability

• Career Hackathon 22

• Amazing Workplace

OUR STRENGTHS

Leveraging the experience of our Promoter

Our Promoters, Mr. Ashok Vashist; Ms. Hema Bisht and Mr. Vivek Laroia are having vast experience in field of Corporate & Travel Service Industry and experience which have contributed significantly to the growth of our Company. Under the management, our business has grown over the years and we have become a well-known name in the industry. Our management team is familiar with our business and understands our customers needs and requirements. They are committed to the development of our business and will continue to spearhead our Companys business operations and future plans so as to ensure the continuing success of our Company.

Existing client relationship

Our Company has earned reputation based upon which we have been successful in retaining our reputed clients. We believe that we constantly try to address customer needs around our services offered by us in field of Travel Services Industry. Our existing customer relationship helps us to get repeat business from our customers. This has helped us maintain a long-term working relationship with our customers and improve our customer retention strategy. We believe that our relationship with the existing customers represents a competitive advantage in gaining new customers and increasing our business.

Quality Assurance of our Services

Quality Assurance of services offered are integral part of our operations. We believe that Quality is an ongoing process of building and sustaining relationship with the Customers. Training & orientation programs done on self & client campus with proper document verification of the enrolled Chauffers to ensure Passengers Safety. Ensured safety while travelling allows our customer the freedom to relish the lively moments on the road. In the event of emergency, our vehicles have GPS tracking, Panic Button, Fire Extinguisher and First Aid Kit.

Customer satisfaction and revenues from long standing customer relationships

We have long-standing relationships with our customers. This is, in part, due to the high criticality of our services and technical support to many of our customers business needs. We also conduct regular senior management reviews with our key customers to engage with them for feedback and future opportunities. Our commitment to customer satisfaction enables us to strengthen our relationships.

Scalable Business Model

Our business model is order driven, and comprises of optimum utilization of our existing resources. We believe that this business model has proved successful and scalable for us in the last few financial years. We have adequate capacity to scale upward and we also undertake aggressive marketing of our products along with maintaining superior quality.

OUR STRATEGIES

Leveraging our Market skills and Relationships

Our goal is to build long-term sustainable business relationships with our customers to generate increasing revenues. We plan to continue to expand the scope by continuing to build our expertise and extending our capabilities. Leveraging our market skills and relationships is a continuous process in our organization and the skills that we impart in our people give excellence to customers. We aim to do this by leveraging our marketing skills and relationships and further enhancing customer base. Our ability to maintain and improve the services we offer to customers enables us to generate stable revenue and minimize customer complaints. We now focus on upgrading the experience of customer to one of much greater engagement and satisfaction.

Optimal Utilization of Resources

Our Company constantly review strategies to improve services offered. We intend to further invest in our activities to develop customized systems and processes to ensure effective management control. We regularly analyse our existing policies for providing our bouquet of services which enables us to identify the bottlenecks and correct the same. This helps us in improving efficiency and putting resources to optimal use.

Improving operational efficiencies

We have experienced team of professionals with a common mission of consistent service delivery to our customers. Honesty, transparency, and consistency are the underlying values in our relationship with the clients to instil trust and be trusted. Our Company aims to continue to improve ongoing operational effectiveness. We believe that this can be done through continuous business process review and timely corrective measures in case of diversion and technology up gradation with proper analytics base.

To Build-Up a Professional Organization

We believe in transparency, commitment and coordination in our work, with our suppliers, customers, government authorities, banks etc. We have experiences staff for taking care of our day-to-day operations. We also consult with external agencies on a case-to-case basis on technical and financial aspects of our business.

Expansion of Business

We intend to expand our geographical reach and enter the large domestic as well as global market for growth opportunities of our business. We plan to deepen our presence in the existing market and expand our reach.

SWOT ANALYSIS: - STRENGTHS

- Experienced Promoters with decades of experience in various facet of mobility business

- Professionally Qualified management team with right mix of experience and passion

- Strong Presence in the Indian Corporate market.

- Technology driven Services

- Capability to manage and execute very large accounts and projects

- Strong client retention and management

- Huge Customer base of various Industries both Government & Multinational.

- International Presence

- In-house Technology

WEAKENESSES

-Scarcity of trained resources in the field of mobility -Working-Capital Intensive Business

OPPORTUNITIES

- Integration of various mobility services - Both supply and demand

- Transitioning to sustainable mobility

- Industry still very fragmented and unorganized.

- Innovation and technological consolidation still to happen.

- PPP in mobility a big scope

THREATS

- Drastic change in Govt polices or any unforeseen situation.

- Complete global change in tech landscape

HUMAN RESOURCES

Our Company believe that our employees are key contributors to our business success and its ability to maintain growth depends to a large extent on our strength in attracting, training, motivating and retaining employees. We focus on attracting and retaining the best possible talent. Our Company looks for safe driving skill-sets, interests and background that would be an asset for its kind of business.

As of now, the Company has CLRA (Contractual Labour Regulation & Abolition) Agreement with Day N Day Services Pvt. Ltd for providing skilled and experienced chauffeurs in Bangalore location. In line to the said agreement, total contractual employees for the Company are 32. Our manpower is a prudent mix of the experienced and youth which gives us the dual advantage of stability and growth. Our work processes and skilled resources together with our strong management team have enabled us to successfully implement our growth plans.

Our people are our best assets. Their caliber and commitment is our inherent strength. With the singular objective of always being the preferred employer in the talent landscape, we are encouraging our people to discover and realize their true potential. Acquiring diverse experiences, accomplishing challenging tasks and continually learning and upskilling is enabling them to deliver their best. By identifying, developing and nurturing quality talent at every stage of the employee lifecycle, we are empowering them to become future ready and build rewarding careers. We strongly believe that diversity gives an organisation a competitive edge, encourages innovation and vibrancy of thought and action. A diverse workplace strengthens understanding of and responsiveness to the ever-changing needs of a varied customer base. The Company has implemented several initiatives to attract and develop a diverse and inclusive workforce, with a focus on maintaining a healthy gender diversity blend and to continue its successful evolution as an organisation. We have launched a specially curated Graduate Management Trainee program for- Under Graduates. Through this program, we provide a

supportive network offering guidance, encouragement, and practical advice to help GMTs navigate their careers with confidence.

Building an effective Organisational culture

Culture is a key enabler to optimize potential, retain and also attract top talent to fuel performance within the organisation. The collective desire to become more agile and future ready necessitated a refresh of the organisational culture. Or core values lay a strong foundation in building an effective and inspiring organisational culture that lays strong emphasis on Entrepreneurial spirit, Collaboration, Accountability and Risk taking. Engaging employees through quarterly newsletters, virtual sessions, workshops, and confluences, provides platforms for interaction with business leaders, talent showcasing, and family engagement. Additionally, the Company offers long-term incentives, stock options, and competitive compensation to retain its top talent.

Internal control systems and adequacy

The Company maintains robust internal control procedures tailored to its size and activities. It believes that safeguarding assets and enhancing operational efficiency is achievable through the implementation of adequate internal controls and the standardization of operational processes. These internal controls and risk management mechanisms adhere to the principles and criteria outlined in the corporate governance code of the organization. They are seamlessly integrated into the overall organizational structure of both the Company and the Group, involving various personnel who collaborate effectively in fulfilling their respective duties. The Board of Directors provides guidance and strategic oversight to the Executive Directors and management, overseeing monitoring and support committees.

Cautionary statement

The statements made in the Management Discussion and Analysis describing the Companys objectives, projections, estimates, and expectations may be “forward-looking statements” within the meaning of applicable securities laws & regulations. Actual results could differ from those expressed or implied. Important factors that could make a difference to the Companys operations include economic conditions affecting demand supply and price conditions in the domestic & overseas markets in which the Company operates, changes in the government regulations, tax laws & other statutes & other incidental factors.

ANNEXURE- 1

Form AOC-1

(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts)

Rules, 2014)

Statement containing salient features of the financial statement of subsidiaries/associate

companies/joint ventures

Part "A”: Subsidiaries

(Information in respect of each subsidiary to be presented with amounts in Rs.)

Sl. No.	Particulars	Details
1.	Name of the subsidiary	WTI Fleet Providers Private Limited
2.	The date since when subsidiary was incorporated
3.	Financial year Ending on	March 31, 2025
4.	Reporting Currency	Indian Currency (INR)
5.	Share capital	100,000,00
6.	Reserves & surplus	519,735.73
7.	Total assets	413,907,606.65
8.	Total Liabilities	413,907,606.65
9.	Investments	-
10.	Turnover (Includes other income)	158,647,854.79
11.	Profit before taxation	11,77,039.50
12.	Provision for taxation	657303.77
13.	Profit after taxation	519,735.73
14.	Proposed Dividend	-
15.	% of shareholding	99.999%

Notes: The following information shall be furnished at the end of the statement:

1. Names of subsidiaries which are yet to commence operations- WTI Mobility UK Ltd.

2. Names of subsidiaries which have been liquidated or sold during the year- Nil

Sl. No.	Particulars	Details
1	Name of the subsidiary	PT WTI Trading and Mining Ventures
2	The date since when subsidiary was incorporated	14/01/2020
3	Financial year Ending on	March 31, 2025
4	Reporting Currency	Indian Currency
5	Share capital	6,290,518.96
6	Reserves & surplus	1,112,064.76
7	Total assets	7,402,583.72
8	Total Liabilities	7,402,583.72
9	Investments	-
10	Turnover (Includes other income)	-
11	Profit before taxation	-
12	Provision for taxation	-
13	Profit after taxation	-
14	Proposed Dividend	-
15	% of shareholding	99.99%

Notes: The following information shall be furnished at the end of the statement:

1. Names of subsidiaries which are yet to commence operations- WTI Mobility UK Ltd.

2. Names of subsidiaries which have been liquidated or sold during the year- Nil

Sl. No.	Particulars	Details
1.	Name of the subsidiary	WTI RENT A CAR LLC
2.	The date since when subsidiary was incorporated	13-09-2023
3.	Financial year Ending on	March 31, 2025
4.	Reporting Currency	AED
5.	Share capital	3,00,000
6.	Reserves & surplus/Retained Earnings	110,511
7.	Total assets	16,520,285
8.	Total Liabilities	16,520,285
9.	Investments	-
10.	Turnover (Includes other income)	36,69,737
11.	Profit/ Loss before taxation	503,456
12.	Provision for taxation	11561
13.	Profit / Loss after taxation	491,895
14.	Proposed Dividend	-
15.	% of shareholding	100%

Notes: The following information shall be furnished at the end of the statement:

1. Names of subsidiaries which are yet to commence operations- WTI Mobility UK Ltd.

2. Names of subsidiaries which have been liquidated or sold during the year-

Part "B": Associates and loint Ventures

Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and Joint Ventures

>

Name of the Joint Ventures	NA
Latest audited Balance Sheet Date	NA
Shares of Associate/Joint Ventures held by the company on the year end	NA
Amount of Investment in Associates/Joint Venture	NA
Extend of Holding%	NA
Description of how there is significant influence	NA
Reason why the associate/joint venture is not consolidated	NA
Net worth attributable to shareholding as per latest audited Balance Sheet	NA
Profit/Loss for the year	NA
i. Considered in Consolidation	NA
ii. Not Considered in Consolidation	NA

1. Names of associates or joint ventures which are yet to commence operations. Nil

2. Names of associates or joint ventures which have been liquidated or sold during the year. Nil

iv) Foreign Travels

-

-

ANNEXURE- 3

FORM-AOC-2

RELATED PARTY TRANSACTIONS

Particulars of contracts or arrangements with related parties referred to in sub-section (1) of

section 188 in the form AOC-2:

Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies

(Accounts) Rules, 2014:

1. Details of material contracts or arrangement or transactions at arms length basis:

List of Related Parties and their relationships.

a) Key Management Personnel, Directors & their Relatives:

SR. No.	Name of Related party	Designation
1.	Mr. Vivek Laroia	Managing Director (MD)
2.	Ms. Hema Bisht	Director
3.	Mr. Manish Kumar Sharma	Whole Time Director (WTD)
4.	Mr. Ashok Vashist	Chief Executive Officer (CEO)
5.	Mr. Sameep Mittal	Chief Financial Officer (CFO)
6.	Ms. Shivani Rastogi	Company Secretary (CS)
7.	Mr. Janardan Prasad Pandey	Independent Director
8.	Mr. Akhilesh Agarwal	Independent Director
9.	Ms. Minakshi Mahajan	Independent Director
10.	Mr. Neelkanth Vashist	Son of CEO
11.	Mrs. Sudha Vashist	Spouse of CEO
12.	Mrs. Pinki Laroia	Spouse of MD
13.	Mr. Puru Laroia	Son of MD
14.	Mr. Shourya Laroia	Son of MD

b) Name of the Enterprises owned or significantly influenced by key management Personnel or their relatives (either individually or with others)

(i) M/s Smart Ride Transport Services Pvt Ltd :	KMP having substantial interest in the Company
(ii) M/s Gautam Credits Pvt Ltd :	Company strike off w.e.f. 20th August, 2025
(iii) M/s Wheelz on Rent Pvt Ltd :	KMP having substantial interest in the Company
(iv) M/s PT WTI Trading and Mining Ventures:	Wholly Owned Foreign Subsidiary under
	Liquidation
(v) M/s WTI Rent A Car LLC :	Wholly Owned Foreign Subsidiary
(vi) M/s ASND Technology Private Limited :	KMP having substantial interest in the Company
(vii) M/s Aaveg Management Services Pvt Ltd :	KMP having substantial interest in the Company
(viii) M/s WTI Fleet Providers Private Limited	Wholly Owned Subsidiary
(ix) M/s WTI Mobility UK LTD. :	Wholly Owned Subsidiary

l.Details of material contracts or arrangement or transactions not at arms length basis

All the transactions were entered by the Company in ordinary course of business and were in arms length basis

Name of Related Party	Nature of relationship	Nature of Contract / agreement / transactions	Duration of contracts / agreements / transactions	Salient terms of contracts or agreements, or transactions including the value (In Lakhs)	Date(s) of approval by the Board, if any:	Amount paid as advances (In Lakhs)
Nil

2.Details of material contracts or arrangement or transactions at arms length basis

All the transactions were entered by the Company in ordinary course of business and were in arms length basis as below-

Name of Related Party	Nature of relationship	Nature of Contract / agreement / transactions	Duration of contracts / agreements / transactions	Salient terms of contracts or agreements, or transactions including the value (In Lakhs)	Date(s) of approval by the Board, if any:	Amount paid as advances (In Lakhs)
M/s WTI Rent a Car LLC	Wholly Owned Subsidiary	Investment	Yearly Contract	Aggregate Investment value of ^ 1405.55878	29-08-2024	N.A.
M/s WTI Fleet Providers Private Limited	Wholly Owned Subsidiary	Investment	Yearly Contract	Aggregate Investment value of ^ 1881.0438	29-08-2024	N.A.
M/s Aaveg Management Services	Entity in which KMPs/ Relatives	Sales of Services (Service Charge)	Yearly Contract	Aggregate Investment value of ^ 6049.42	29-08-2024	N.A.
Private Limited	of KMPs exercise significant Influence

ANNEXURE-4

ANNUAL REPORT ON CSR ACTIVITIES

[Pursuant to clause (o) of sub-section (3) of section 134 of the Act and Rule 9 of the Companies (Corporate

Social Responsibility) Rules, 2014]

1. A brief outline of the Companys CSR policy, including overview of projects or programs proposed to be undertaken.

M/s. Wise Travel India Limited (Formerly Wise Travel India Private Limited) (the “Company”) has over 16 years of track record of sustained growth, customer satisfaction and innovation. The Companys primary business is motor transport services, let on hire taxi-cabs deluxe coaches, tourist and travel agents.

The Company completely endorses reliability. It is committed to conduct business in a true, fair and ethical manner and takes up the responsibility to create a good impact in the society it belongs. The Company is committed towards improving the quality of lives of people in the communities in which it operates because society is an essential stakeholder and the purpose of its existence. The Company believes that giving back to the society through CSR activities is its moral duty.

This CSR Policy aims to define and establish the Companys Policy framework towards CSR.

The main responsibilities of the Company towards society at large and to promote education, including special education and employment enhancing vocation skills especially among children, women, elderly a differently abled and livelihood enhancement projects.

2. The Composition of the CSR Committee.

The current members of the CSR Committee are as follows:

Sr. No. Name of Director	Designation/Nature of Directorship	Number of meetings of CSR Committee held during the year	Number of meetings of CSR Committee attended during the year
1. Vivek Laroia	Chairman, Managing Director	1	1
2. Manish Kumar Sharma	Member, Whole Time Director	1	1
3. Ms. Minakshi Mahajan	Member, Independent Non-Executive Director	1	1

3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR Projects approved by the board are disclosed on the website of the Company Composition of the CSR committee shared above and is available on the Companys website at www.wticabs.com.

CSR policy - https://www.wticabs.com https://www.wticabs.com/Content/WTI-CSR-Policy-2024.pdf CSR projects - https://www.wticabs.com

4. Provide the executive summary along with web-link(s) of Impact Assessment of CSR Projects carried out in pursuance of sub-rule (3) of rule 8, if applicable- Not applicable

5. (a) Average net profit of the Company as per sub-section (5) of Section 135: INR 169,826,294

(b) Two percent of average net profit of the Company as per sub-section (5) of section 135: INR 3,396,526/-

(c) Surplus arising out of the CSR Projects or programs or activities of the previous financial years: NIL (return)

(d) Amount required to be set off for the financial year, if any:

(e) Total CSR obligation for the financial year [5(b) +5(c)]-5(d)]: INR 33, 96,526/-

6. (a) Amount spent on CSR Projects (both Ongoing Project and other than Ongoing Project): Rs48,05,000/-

(b) Amount spent in Administrative Overheads: Nil

(c) Amount spent on Impact Assessment, if applicable: Nil

(d) Total amount spent for the Financial Year [6(a) + 6(b) + 6(c)]: Rs48,05,000/-

(e) CSR amount spent or unspent for the financial year:

(f) Excess amount for set off, if any:

Sr. No. Particular	Amount (Rs.)
(i) Two percent of average net profit of the Company as per Section 135(5)	3,396,526
(ii) Total amount spent for the Financial Year	3,396,526
(iii) Excess amount spent for the financial year [(ii)-(i)]	5965
(iv) Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any	-
(v) Amount available for set off in succeeding financial years [(iii)- (iv)]	5965

7. Details of Unspent CSR amount for the preceding three financial years:

Preceding Financial Year	Amount transferred to Unspent CSR Account under	Balance Amount in Unspent CSR	Amount spent in the reporting Financial	Amount transferred to a Fund as specified under Schedule VII as per second proviso Section 135(5), if any		Amount remaining to be spent in	Deficiency, if any
	Section 135 (6)	Account under Section 135 (6)	Year	Amount	Date of transfer	succeeding financial years
-	-	-	-	-	-	-	-

8. Whether any capital assets have been created or acquired through Corporate Social Responsibility amount spent in the Financial Year: No

If yes, enter the number of Capital assets created/ acquired: Not Applicable

Furnish the details relating to such asset(s) so created or acquired through Corporate Social Responsibility amount spent in the Financial Year:

Short particulars of the property or asset(s) [including complete address and location of the property]	Pincode of the property or asset(s)	Date of creation	Amount of CSR amount spent	Details of entity /Authority /Beneficiary of the registered owner
				CSR Registration Number, if applicable	Name	Registered address
-	-	-	-	-	-	-

9. Specify the reason(s), if the Company has failed to spend two per cent of the average net profit as per section 135(5) - Not Applicable

ANNEXURE-5

FORM NO MR -3 SECERETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED ON 31^st MARCH, 2025 [Pursuant to Section 204(1) of the Companies Act, 2013 and Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

To,

The Members

M/s. WISE TRAVEL INDIA LIMITED

(Formerly known as Wise Travel India Private Limited)

CIN:L63090DL2009PLC189594 Regd. Office: D-21, Corporate Park, 3rd Floor, Near

Sector-8 Metro Station, Sector-21, Dwarka, South West Delhi, New Delhi, Delhi, India, 110075

We have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by the Wise Travel India Limited (Formerly Wise Travel India Private Limited) (hereinafter called as "the Company” (Formerly known as Wise Travel India Private Limited) ("the Company”). having its Registered Office at D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector- 21, Dwarka, South West Delhi, New Delhi, Delhi, India, 110075. The Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.

Managements Responsibility

The Management along with the Board of Directors are responsible for ensuring that the Company complies with the provisions of all applicable laws and maintains the required statutory records and documents in the prescribed manner.

Basis for Opinion

We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. We believe that the processes and practices, we followed provide a reasonable basis for our opinion.

Opinion

Based on our verification of Companys documents, papers, minute books, form and returns filed other and records maintained by the company and also the information provided by the company its officers, agents and authorized representatives during the conduct of secretarial audit, we hereby report that in our opinion ,the company has, during the audit period covering the financial year ended on 31^st March, 2025 (the audit Period), complied with the statutory provision listed hereunder and also that the company has proper board processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter;

We report that:

a) Maintenance of secretarial record is the responsibility of the management of the Company. Our responsibility is to express an opinion on these secretarial records based on our audit.

b) We have not verified the correctness and appropriateness of the financial records and Books of the Company.

c) Where ever required, we have obtained the Management representation about the compliances of laws, rules and regulations and happening of events etc. The compliance of the provisions of the Corporate and other applicable laws, rules, regulations, standards is the responsibility of management.

We have examined the books, papers, minute books, form and returns filed and other records maintained by the company for the financial year ended on 31^st March 2025 according to the provision of;

a) all the documents and records made available to me and explanation provided by M/s Wise Travel India Limited (Formerly Wise Travel India Private Limited) having CIN: L63090DL2009PLC189594 ("the Company” "Listed Entity”);

b) the filings/submissions made by the listed entity to the Stock Exchanges;

c) website of the listed entity (website address: www.Wticabs.com ); and

d) any other document/filing, as may be relevant, which has been relied upon to make this Report for the Financial Year ended on March 31, 2025 (the audit Period) according to the provisions of:

The Companies Act, 2013 ("the Act”) and the rules made thereunder to the extent applicable;

2 The Securities Contracts (Regulation) Act, 1956 (SCRA) and the rules made thereunder;

2 The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;

Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of 4

Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings;

The following Regulations and guidelines prescribed under the Securities and Exchange Board of India Act, 1992 ("SEBI Act”)

a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992;

c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 [Not applicable to the Company during the period under review];

e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; [Not applicable to the Company during the period under review];

f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client to the extent of securities issued [Not applicable to the Company during the period under review];

g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 [Not applicable to the Company during the period under review];

h) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 [Not applicable to the Company during the period under review];

i) The Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 [Not applicable to the Company during the period under review] ;

j) Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 [Not applicable to the Company during the period under review] ;

k) Securities and Exchange Board of India (Depositories & Participants) Regulations, 2 018;

l) Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009 [Not applicable to the Company during the period under review];

m) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

n) Other laws informed by the management of the Company as applicable to the Company.

The management has identified and confirmed the following laws as specifically applicable to the company:

a) Applicable Secretarial Standards issued by The Institute of Company Secretaries of India; and

b) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

Having regard to the compliance system prevailing in the Company and on the basis of presentation and Reports made by Compliance Auditors of the Company, we further report that the Company has adequate system to ensure the compliance of the other applicable laws specifically to the Company.

During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above.

We further report that based on the information received and records maintained there are adequate systems and processes in the Company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

a. The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. There were no changes in the composition of the Board of Directors and KMP during the period under review

b. Due Notices were served to all directors entitled to receive notice in accordance with Section 173(3) of the Companies Act, 2013 for holding Board and Committee Meetings. Agenda and notes on agenda were sent to the respective Directors, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting for meaningful participation at the meeting.

Majority decisions were carried out through while the dissenting members views are captured and recorded as part of the minutes.

On the basis of information provided, I further report that during the audit period there were no instances

of:

(i) Public/Right/Preferential issue of shares / debentures/sweat equity, etc.

(ii) Redemption / buy-back of securities

(iii) Major decisions taken by the members in pursuance to section 180 of the Companies Act, 2013

(iv) Merger / amalgamation / reconstruction, etc.

(v) Foreign technical collaborations

We further report that during the audit period there were few specific events/actions having a major bearing on Companys affairs in pursuance of the above referred laws, rules, regulations, standards etc. which are listed below:

a) Application for Compounding under section 441 of the Companies Act, 2013 for Compounding of Default committed u/s 134(3)(0) r/w 135 of the Companies Act, 2013 was filed by the Company vide Form GNL- 1 through SRN- F89952246.

CSR compounding interim order was received by Regional director on 25^th September, 2 024. Compounding Fee levied for violation of Section 134(3)(0) r/w 135 of the Companies Act, 2013 as below-

S. No. Violation	Wise Travel India Limited (Formerly Wise Travel India Private Limited)	Mr. Manish Kumar Sharma	Mr. Vivek Laroia	Ms. Hema Bisht
1. Section 134(3)(0) r/w 135 of the Companies Act, 2013	Rs. 150000/- for each Financial Year (201819, 2019-20)	Rs. 75000/- for each Financial Year (201819, 2019-20)	Rs. 75000/- for each Financial Year (201819, 2019-20)	Rs. 75000/- for each Financial Year (201819, 2019-20)

The Applicant Company has made its default good respect of Contravention of Section 134(3)(o) r/w 135 of the Companies Act, 2013 by payment of Rs. 2,19,318/- and Rs. 14,59,473/- in the month December, 2023 and Rs. 10,49,683/- Rs. 8,95,465/- in the month of January, 2024 respectively.

b) During the period under review, the Company has made Overseas Direct Investment to its Wholly Owned Subsidiary named WTI RENT A CAR LLC in United Arab Emirates and RBI approval has been received for the same.

c) Pursuant to the approval of the Board of Directors in their Board meetings, the Company has obtained financial facility from Scheduled Banks and Private Banks amounting to Rs. 2,19,407,000/- which includes working capital and term loans both.

Note: This report is to be read with our letter of even date which is annexed as Annexure A" and forms an integral part of this report.

Annexure A Part of the Secretarial Audit Report 2024-25 To,

The Members,

Wise Travel India Limited

(Formerly known as Wise Travel India Private Limited)

CIN: U63090DL2009PLC189594

Regd. Office: D-21, Corporate Park, 3rd Floor, Near

Sector-8 Metro Station, Sector-21, Dwarka, South West Delhi, New Delhi, Delhi, India, 110075

Our secretarial audit report of even date is to be read along with this letter.

1. Maintenance of secretarial records is the responsibility of the management of the company. Our responsibility is to express an opinion on these secretarial records based on our audit.

2. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. I believe that the process and practices, I followed provide a reasonable basis for my opinion.

3. We have not verified the correctness and appropriateness of financial records and books of accounts of the company.

4. Wherever required, we have obtained the management representation about the compliance of laws, rules and regulation and happening of events, etc.

5. The compliances of the provisions of corporate and other applicable laws, rules, regulations, standards are the responsibility of management. Our examination was limited to the verification of procedures on test basis.

6. The secretarial audit reports are neither an assurance as to future viability of the company nor of the efficacy of effectiveness with which the management has conducted the affairs of the company.

ANNEXURE-6

PARTICULARS OF EMPLOYEES

[Pursuant to Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 20141

Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) & 5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are mentioned below:

(A) Information as per Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel Rules, 2014

1. Remuneration of each Director and Key Managerial Personnel (KMP) along with particulars of increase in remuneration during the financial year, Ratio of remuneration of Directors to the Median Remuneration of employees.

1	Vivek Laroia	Managing Director	23.56	21.89	7.62%	7.79
2	Hema Bisht	Director	22.79	21.31	6.96%	7.54
3	Manish Kumar Sharma	Whole Time Director	7.47	8.35	-10.54%	2.47
4	Ashok Vashist	Chief Executive Officer	98.00	97.69	0.32%	32.40
5	Sameep Mittal	Chief Financial Officer	16.22	14.93	8.64%	5.36
6	Shivani Rastogi	Company Secretary	6.67	3.79	75.99%	2.20

1. There were 816 permanent employees on the roll of the company as on 31st March, 2025.

2. The percentage increase in the median remuneration of employees in the financial year was Rs. 3,02,496.

3. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration. 11.38%.

The average increase in salary provided to Employees was 11.38 % as against other than Managerial Personnel was more i.e.

Justification - If the increase for managers is higher (or different), explain why.

Exceptional circumstances - Point out if there were any special reasons (like company performance, retention needs, or market conditions) that justify why managers got a higher increase than other employees.

The increase in remuneration is based on various factors like individual performance, experience, skills, relevant expertise, academic background, industry trends, economic situation and future growth prospectus and is not solely based on companys performance. There were no exceptional circumstances for the increase in managerial remuneration.

4. Affirmation that the remuneration is as per the remuneration policy of the company.

5. A statement of top ten employees in terms of remuneration drawn as per Rule 5(2) and read with Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rule, 2014 as amended, is annexed herewith as “Annexure-6”.

B) Information as per Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel Rules, 2014

Information relating to Top 10 employees

Name of Employee		Designat ion		Nature of Employme nt		Quali ficati on		Age		Experi ence		Date of commence ment of employmen t		Remunera tion (20242025) ( Rs.)		Last employm ent held by such employe e		Percentage of equity shares held		Relative of any director/ manager
Ashok Vashist		Chief Executive Officer		Permanent		MBA		53		31		01-04-2010		98.00		Carzonre nt India Pvt. Ltd.		38.83%		No
Sudha Vashist	General Manager		Permanent		MA		53		13		01-07-2012		44.80		Dabas Education Society		0.03%		No
Supratik Roy	Chief Operating Officer		Permanent		MBA		54		29		03-01-2024		39.96		Orix Auto Infrastruc ture Services Ltd.		0		No
Manoj Kumar Gaur	Chief Operating Officer		Permanent		MBA		49		28		11-10-2021		39.28		Convergy s India Services Pvt. Ltd.		0.00%		No
Vivek Laroia	Chief Executive Officer		Permanent		PGDB A		56		35		01-04-2013		23.56		One Rent A Car		19.59%		No
Hema Bisht	Director		Permanent		BA		56		32		01-09-2014		22.79		ETA Travel Agency Pvt. Ltd.		11.47%		No
Pradeep Pandurang Dangre	Branch Head		Permanent		MBA		42		16		19-12-2022		22.07		Aarya Trans Solutions Pvt. Ltd.		0		No
Manish Kumar Tanwar	Whole Time Director		Permanent		B.com		40		22		01-05-2018		18.17		AVM Enterpris es		0		No
Kundan Singh Bisht	Manager		Permanent		MBA		52		28		14-01-2019		17.13		Concentri x Services India Pvt. Ltd.		0		No
Sameep Mittal	Chief Financial Officer		Permanent		CA		37		14		21-12-2011		16.22		Arcis E Services Pvt. Ltd.		0.04%		No

ANNEXURE-7

Listing Compliance Department National Stock Exchange of India Limited

Exchange Plaza, 5^th Floor Plot No,C/1 G Block Bandra Kurla Complex Bandra (East), Mumbai- 400051

Ref. Wise Travel India Limited ISIN: INE623Y01011 Symbol: WTICAB

Sub: Declaration under Regulation 33(2)(a) of SEBI LODR, Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 33(2)(a) of SEBI LODR, Regulations, 2015, we the undersigned, in our respective capacity as Chief Executive Officer and Chief Financial Officer of the Company to the best of our knowledge and belief certify that: the Financial Results for the half year and year ended 31^st March, 2025 do not contain any false or misleading statement or figures and do not omit nay material fact which may make the statements or figures contained therein misleading.

Thanking you,

For WISE TRAVEL INDIA LIMITED

ANNEXURE-8

DECLARATION REGARDING CODE OF CONDUCT

This is to confirm that the Board of Director of the Company has laid down a Code of Conduct for its Members and Senior Management Personnel of the Company. The same has also been uploaded on the Companys website. It is further confirmed that all the Directors and Senior Management Personnel of the Company have affirmed compliance with the Code of Conduct of the Company for the Financial Year ended March 31, 2025.